financial education – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Desjardins using budget workshops, interactive game to support employee financial wellness https://www.benefitscanada.com/benefits/health-wellness/desjardins-using-budget-workshops-interactive-game-to-support-employee-financial-wellness/ Fri, 24 Nov 2023 14:00:50 +0000 https://www.benefitscanada.com/?p=147619 Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]

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]]> 2023 Future of Work Summit: What do millennial plan members want from their employers? https://www.benefitscanada.com/events/conference-coverage/2023-future-of-work-summit-what-do-millennial-plan-members-want-from-their-employers/ Thu, 23 Nov 2023 12:58:04 +0000 https://www.benefitscanada.com/?p=147117 When Desjardins Insurance launched a study to redefine employee health and well-being, an unexpected finding came through loud and clear: Canadian employers and insurers should be paying much closer attention to millennial plan members. Millennials are a cohort of people born between 1980 and 1996. Since 2016, the generation has comprised the largest segment of […]

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]]> 2023 Healthy Outcomes Conference: Supporting employees’ financial well-being amid rising inflation, interest rates https://www.benefitscanada.com/events/conference-coverage/2023-healthy-outcomes-conference-supporting-employees-financial-well-being-amid-rising-inflation-interest-rates/ Mon, 20 Nov 2023 12:54:53 +0000 https://www.benefitscanada.com/?p=147133 As Canadians face the dual effects of the rapidly rising cost of living and interest rates, the resulting financial stress has major implications for plan sponsors, said Valérie Fernandez, senior advisor of workplace health best practices and strategic support for group insurance at Beneva, during Benefits Canada‘s 2023 Healthy Outcomes Conference in October. Indeed, employers […]

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]]> RBC educating employees, reducing stigma around money matters through financial wellness hub https://www.benefitscanada.com/benefits/health-wellness/rbc-educating-employees-reducing-stigma-around-money-matters-through-financial-wellness-hub/ Fri, 10 Nov 2023 14:00:52 +0000 https://www.benefitscanada.com/?p=146562 During Financial Literacy Month, the Royal Bank of Canada is supporting employees’ financial wellness through a new website that provides financial education and support. The My Money Matters website contains more than 1,000 articles on financial well-being and was designed to de-stigmatize conversations about money, says Elvis Wong, the bank’s director of financial well-being. “We […]

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]]> Lululemon’s retirement savings plans, financial literacy initiatives lead to award win https://www.benefitscanada.com/benefits/health-wellness/lululemons-retirement-savings-plans-financial-literacy-initiatives-lead-to-award-win/ Fri, 27 Oct 2023 13:00:50 +0000 https://www.benefitscanada.com/?p=145985 Lululemon Athletica Inc.’s extensive financial wellness offerings led to a win at Benefits Canada‘s 2023 Workplace Benefits Awards on Oct. 20. The apparel company won in the Financial wellness category for its Fund Your Future program, which offers financial benefits and resources to support employees in making informed decisions no matter where they are in their financial journey. […]

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]]> Employers play crucial role in supporting employees’ savings amid rising cost of living: expert https://www.benefitscanada.com/news/bencan/employers-play-crucial-role-in-supporting-employees-savings-amid-rising-cost-of-living-expert/ Wed, 04 Oct 2023 13:00:07 +0000 https://www.benefitscanada.com/?p=144495 As Canadians struggle to save amid the rising cost of living, employers play a crucial role in facilitating savings options for their employees, says Doug Crowe, vice-president of RBC Group Advantage, the Royal Bank of Canada’s group retirement division. “The first important step employers can make is deciding to sponsor a group savings plan for employees, which […]

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]]> Men more likely than women to report reduced stress due to financial wellness programs: survey https://www.benefitscanada.com/news/bencan/men-more-likely-to-report-reduced-stress-due-to-financial-wellness-programs-survey/ Mon, 25 Sep 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=143948 More than a quarter (28 per cent) of male employees in the U.S. report a reduction in their stress levels due to their employer’s financial wellness programs, compared to 18 per cent of women, according to a new survey by HerMoney Media Inc. and Principal Financial Services, Inc. The survey, which polled 900 U.S. employees […]

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]]> 37% of U.S. employers say attraction, retention is No. 1 reason to offer non-qualified retirement plans: survey https://www.benefitscanada.com/pensions/retirement/37-of-u-s-employers-say-attraction-retention-is-no-1-reason-to-offer-non-qualified-retirement-plans-survey/ Thu, 17 Aug 2023 13:00:04 +0000 https://www.benefitscanada.com/?p=142295 More than a third (37 per cent) of U.S. employers that offer a non-qualified retirement plan say attraction and retention of key talent is their No. 1 reason for offering these plans, according to a new survey by WTW. The survey, which polled around 400 employers representing more than 7.5 million employees, found more than […]

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]]> 2023 CAP Member Survey: How CAPs are evolving to address changing financial priorities https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-member-survey-how-caps-are-evolving-to-address-changing-financial-priorities/ Fri, 11 Aug 2023 12:55:33 +0000 https://www.benefitscanada.com/?p=141784 With Canadians’ financial priorities shifting alongside a turbulent economic climate, including inflation levels not seen in decades and a never-ending rise in the cost of living, it isn’t surprising capital accumulation plan members’ commitment to retirement savings is taking a hit. Benefits Canada’s 2023 CAP Member Survey found just 41 per cent of respondents rated […]

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]]> U.K. employers increasing support to retain over-50 employees: survey https://www.benefitscanada.com/benefits/health-wellness/u-k-employers-increasing-support-to-retain-over-50-employees-survey/ Tue, 25 Jul 2023 19:00:02 +0000 https://www.benefitscanada.com/?p=141359 Three-quarters (76 per cent) of U.K. employers think it’s important to retain employees over age 50, with almost a third (32 per cent) saying it’s very important, according to a new survey by Aviva. It also found 10 per cent of employers have introduced support over the last year for retaining employees aged 50 or […]

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